Sign In
×Brief
Company Status: | Listed |
Business Activity: | The company is a manufacturer of industrial, instrumentation and process control cables. |
Current Capital: | 320.00 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Building & Construction |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 42.86 % |
Offer Price (Riyal): | 47.49 |
Issue Volume (M Riyal): | 441.60 |
Premium: | 36.00 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 100.00 Thousand Shares |
Available Shares (Institutions): | 4.80 Million Shares |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | Saudi Citizens and subscribed institutions |
Use of Proceeds: | The net proceeds from IPO will be distributed to selling shareholders |
Restrictions on Dealing in Shares: | Selling Shareholders may not dispose thier shares for a period of six months from the trading date Following the expiry of this six month lock-in period the Founding Shareholders may only dispose of their Shares after obtaining the approval of the CMA |
Prospectus: | - |
: | - |
Key Dates
Capital Market Authority Approval: | - |
The minimum & maximum offering price: | 11/5/2007 |
Subscription End Date: | 11/12/2007 |
Allocation Date: | 11/17/2007 |
Distribution Date: | 11/17/2007 |
Listing Date: | 12/8/2007 |
Advisors
Lead Manager: | SAB INVEST |
Underwriter: | Alawwal Bank |
Financial Advisor: | Alawwal Bank, Ernst & Young Professional Services Co |
Legal Advisor: | Baker & McKenzie Limited |
Auditor: | Deloitte Touche Tohmatsu |
Receiving Bank: | Al Rajhi Bank, Samba Financial Group, Alawwal Bank, The Saudi National Bank |
IPO results
Proceeds: | SAR 889.5mn |
Subscription Percentage: | 204% |
No. of Subscribers: | 1530K |
Allocation: | The allocation rate was set at 3 shares per individual subscriber |
Chart - Middle East Specialized Cables Co.
Share Performance
Last Price: | 31.20 |
Change: | (4.50) % |
Market Cap (M): | 1,230.00 |
Turnover: | 39,553,907.00 |
Transactions: | 5,590.00 |
Share Stats
First Day Open: | 96.27 |
First Day High: | 102.99 |
First Day Low: | 85.70 |
First Day Close: | 92.93 |
1st Day Change: | 95.68 % |
1st Month Change: | 80.46 % |
1st year Change: | 1.12 % |
Since listing: | (35.25 %) |
Call Request